You're a trader at Goldman Sachs. You sit on their trading floor. Think: insanely high-end casino. You're trading Goldman's capital on behalf of Goldman. You are not a broker. You are not a friend of clients. You are not a friend of anyone other than the people who run Goldman. They've given you $500 million to turn into $700 million by the end of the year with reasonably low risk taken. So...go do that.
If you do, and you make for them "excess returns" of a few hundred mil as a prop trader, you'll get a sweet bonus for yourself. Make $100 mil "above and beyond" for the partnership, and you'll expect an 8-figure bonus. Start with a PhD in math or stats from Stanford or MIT. You'll at least get an interview.
Related or Semi-related Video
Finance: What is Acting As A Principal?36 Views
Finance what is acting as a principal Yeah unless you
want to get sent to detention we don't recommend doing
this on halloween Okay this one's really about acting as
a principal How versus acting as an agent princip al
equals owner agent equals a commission taker principal The end
result like how well or poorly and investment performs determines
success Agent whether or not a commission happens determines success
Principal The party responsible for a given system or project
or event being successful agent the party responsible for getting
people teo just spend money on that event Principal developer
The person risking capital to make say a commercial building
Make money for investors Agent the person who sold office
units in that commercial building Principal the portfolio manager the
buy side player region the stockbroker the sell side player
and well that's it in our next video will cover
acting as a shakespearean prince also challenging but the pay 00:01:23.426 --> [endTime] isn't is good
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